Check for ‘wilful default’ in NPA a/cs exceeding Rs 25 lakh: RBI No additional credit facility will be accorded by any lender to a wilful defaulter or any entity with which a… Updated: July 31, 2024 11:02 IST
Over Rs 1 lakh crore loans to micro, small enterprises written off in five years: Govt data Among public and private sector banks, public sector banks (PSBs) had the higher share of MSE loans (in industry and… July 30, 2024 16:52 IST
ARC’s growth moderates to 15% in FY24 Value of bad loans acquired by ARCs reached Rs 9.7 trillion as of March end July 15, 2024 05:55 IST
Rs 38,072 crore microfinance loans written off as of March 2024; loans unpaid beyond 180 days swell: Report The sector continued to see growth with a 26 per cent jump in gross loan portfolio to Rs 4.42 lakh… June 11, 2024 13:05 IST
NPA crisis during UPA tenure stifled bank credit to startups, MSMEs: FM Nirmala Sitharaman “This problem (of NPAs) starved the nation of essential credit flow needed for development. Banks became reluctant to lend to… May 31, 2024 12:20 IST
Banks show improvement in asset quality: 77% banks reported decrease in NPA levels in last 6 months, says FICCI-IBA Bankers’ Survey All of the participating public sector banks in India have cited reduction in NPA levels while amongst participating private sector… March 21, 2024 16:31 IST
Have NPAs really declined? Targeting zero NPAs may be utopian, but zero tolerance for NPAs is necessary March 12, 2024 06:14 IST
Banks’ MSME portfolio quality improves further as GNPAs drop below 5% in Sept: RBI report The RBI report also noted increased lending by both public and private sector banks to MSMEs in H1 despite ECLGS… December 29, 2023 13:42 IST
Banking sector to remain resilient as performance normalises after highs seen in FY2023-24, says ICRA Credit growth is expected to remain healthy at 12-13 per cent in FY2025 (16.5 per cent YoY as on December… December 28, 2023 13:21 IST
Mudra loan NPA 2.68% of advances as of June 2023: Govt data As of December 15, 2023, 3.72 crore Mudra loans involving Rs 2.95 lakh crore were sanctioned of which Rs 2.88… December 22, 2023 12:40 IST
Indian Overseas Bank looks to sell Rs 457 crore MSME NPA loans The reserve price set by the bank is 60 per cent of Rs 457 crore outstanding as of September 30,… November 23, 2023 12:37 IST
Collateral-free credit only on papers, not implemented by banks: FICCI SME Survey SMEs also highlighted the need for improved government policies and support mechanisms to address the challenges faced by businesses. For… October 19, 2023 17:55 IST
NBFC-MFIs to continue see double-digit loan growth in FY24: CareEdge report In terms of asset quality, although on an improving trend, it still remains moderate as compared to the pre-Covid level… August 23, 2023 09:00 IST
This many Mudra loans disbursed to micro, small enterprises turned bad as of March 2023 The scheme enables credit at three different growth stages — Shishu, Kishor, and Tarun with financial limits up to Rs 50,000;… August 9, 2023 08:00 IST
Indian Overseas Bank net profit jumps 28 per cent to Rs 500 crore on healthy loan growth, interest income Total income of the Chennai-based bank rose to Rs 6,227 crore as against Rs 5,028 crore a year ago, led… Updated: August 3, 2023 08:21 IST
IIFL Finance Q1FY24 profit up 43% on robust loan growth, plans long-term reward, retention schemes for employees IIFL Finance’s Gross NPA in Q1 remained flat at 1.8% as compared to Q4FY23 but compared to Q1FY23 Gross NPA… July 27, 2023 23:14 IST
ECLGS: 5.4% of MSME loans turn NPA; govt says it is reasonable Govt’s Flagship Credit Scheme ECLGS: Within MSME loans under ECLGS, 1.11 crore loans were to micro and small enterprises (MSEs)… July 27, 2023 08:00 IST
Banks’ gross NPAs in MSMEs dropped to five-year low in FY23; declined 14% from FY22 Gross MSME NPAs in Scheduled Commercial Banks peaked at Rs 1.83 lakh crore in FY20 from Rs 1.63 lakh crore… July 26, 2023 08:00 IST
CBSE 10th Results 2026 Date, Time Live: Scorecards to be declared soon on results.cbse.nic.in, cbse.gov.in – Check latest updates
Iran, US-Israel war LIVE updates: Brent crude tops $114 as US Hormuz blockade takes effect; Iran proposes 5-year nuclear suspension